He is claiming I stole from the company which is a lie. I was operating member and registered agent of the llc. I have completly been locked out of the business and he has put his alcoholic son, who has no experience running this type of business (grocery store) whatsoever.
Our operating agreement started out with him having 95% and me having 5% of ownership due to him putting up the initial capital but or K-1s show 50/50 and he has signed loan agreements showing 50/50 ownership.
The company has paid him back $12,000 of the $135,000 he initially put up even though he never had an actual promissary note drawn up on it.
Him removing me involuntarily is direct violation of the operating agreement that states neither member cannot be denied acsess to the business or it’s records. He has also disrupted the day to day operations of the business which is also a violation of the operating agreement.
I have worked my butt off to make this business work. What are my options?
I know the business has total assets of about $355,000 but am not able to figure liabilities because of the lock-out.